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Comments
Ok. I have no idea
Most people haven't a clue and yet they still 'invest'
.
If Warren would invest in it, then I will surely follow
@William But surely, the fee increases with the amount? You wouldn't want it to not confirm?
The fee does not increase; it is a network fee and not amount based. 10$ will at this time confirm a 100 million $ transaction in the same time as a 10$ one.
not sure about this but it looks like you are confused about the fees. If you send the btc with too small of a fee the miners will all choose to confirm the Btc sent at higher fees, Thus yours will not confirm and will go back into your wallet. The higher a fee you send with the payment the less blocks it waits until being confirmed. The standard fee will confirm your transaction within 10 blocks.
I was referring to it being too slow, not losing it.
As time passes, some things get faster and some things get slower. In days gone by you'd hand someone a c-note and the deal was done - almost instant (and a lot like Paypal). Now people are suggesting that the future scenario is going to involve long waits while all the machinery in the background grinds away. Is this really the direction we want to go? Seems quite primitive to me.
It is pure capitalism - pay more to get speed.